1.

What Items Are Included In Profit And Loss Account ?

Answer»
  • Salaries
  • Rent
  • Rates and Taxes
  • Interest
  • COMMISSION
  • Trade Expenses
  • Printing and Stationery
  • Advertisement
  • Carriage out, freight out, carriage out
  • Repairs
  • Travelling expenses
  • Samples
  • Depreciation
  • Apprentice premium
  • LIFE insurance premium
  • Insurance premium
  • Income tax
  • Interest on capital and DRAWINGS
  • Loss or gain on ASSET sold
  • Discount received and allowed
  • Trade discount


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